Digitalization in the financial industry: A contingency approach of entrepreneurial orientation and strategic vision on digitalization

Niemand, Thomas; Rigtering, J.P. Coen; Kallmünzer, Andreas; Kraus, Sascha; Maâlaoui, Adnane

doi:10.1016/j.emj.2020.04.008

Cited by 166 publications

(133 citation statements)

References 89 publications

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“…The relationship between a firm's performance and EO has been well established in a variety of fields such as banking (e.g., Niemand et al, 2017 ), international businesses (e.g., Balabanis and Katsikea, 2003 ), travel agency ( Taheri et al, 2019 ) and hospitality ( Hernández-Perlines, 2016 ; Tajeddini, 2014 , 2015 ). All of these studies indicate that EO plays a positive role in an organization's overall performance.…”

Section: Theory and Hypothesis Developmentmentioning

confidence: 99%

Enhancing hospitality business performance: The role of entrepreneurial orientation and networking ties in a dynamic environment

Tajeddini

Martín

Ali

2020

International Journal of Hospitality Management

117

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Highlights Implications of the entrepreneurial orientation on short term financial return and long term business growth. Association between dynamic environment and entrepreneurial orientation. Adoption of business and social networking ties in the hospitality industry. Prompting managers' decisions to develop entrepreneurial orientation in creating value for hospitality firms. Gaining short term financial expansion by adopting various technological resources through possible effect on operational processes and strategy development.

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Section: Theory and Hypothesis Developmentmentioning

confidence: 99%

Enhancing hospitality business performance: The role of entrepreneurial orientation and networking ties in a dynamic environment

Tajeddini

Martín

Ali

2020

International Journal of Hospitality Management

117

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“…We found strong support for the positive impact of digital maturity on firm performance like research outcomes of (Guo et al, 2020;Zhou & Wu, 2010). On the contrary, Niemand et al (2020) revealed that technology is not enough for performance enhancement, and it should be combined with strategic vision and entrepreneurial ability to benefit. The study of Ekuobase and Olutayo (2015) also supported this argument.…”

Section: Discussionmentioning

confidence: 72%

“…According to Eller et al (2020), information and communication technologies facilitate handling consumer interactions through social media, which positively affects the financial success of small and medium-sized businesses because of the elimination of advertisement expenses and strong customer relations. Niemand, Rigtering, Kallmünzer, Kraus, and Maalaoui (2020) investigated the effect of strategic vision on the level of digitalization and explored that technology is not adequate at boosting a bank's performance. On the other hand, combining the strategic vision with entrepreneurial ability provides to get benefit from digitalization.…”

Section: Literature Review Digitization-digitalization-digital Transformationmentioning

confidence: 99%

Relationships between digital maturity, organizational agility, and firm performance: An empirical investigation on SMEs

Çallı

2021

bmij

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Digitalization has significant power to boost the performance of small and medium-sized enterprises (SMEs). Most scholars approached the phenomenon from different standpoints by examining the effects of information technology skills, digital skills, information systems capabilities, information and communication technologies (ICT) adoption, and digitalization on firm performance. However, although the terms are interrelated, the impact of digital maturity on SMEs' performance has been rarely investigated. Digital maturity examines the extent of digitalization and digital capabilities of organizations, which is essential in evaluating state-of-the-art organizations' digitalization efforts and providing a roadmap for further improvement. Although digitalization offers various benefits to organizations, its direct effect on the performance outcome is still arguable. Prior studies had revealed mixed findings when they assessed the impact of digital maturity on firm performance. Hence, some studies called for research for the examination of possible intervening variables. Consequently, this study examines the effects of digital maturity and organizational agility on firm performance. Furthermore, the moderating role of organizational agility in the digital maturity-firm performance link is also investigated. Data for testing the proposed model was collected from SMEs in the Marmara Region of Turkey using a convenience sampling technique. The structural equation modeling with partial least squares estimation (PLS-SEM) approach was used to analyze 119 responses collected from SMEs via face-to-face and online questionnaires. Eighty-two of the respondents identified themselves as entrepreneurs/partners. 13 respondents are senior executives, 14 are mid-level managers, 8 are white-collar employees, and two stated that they work in different positions than these. The findings show that organizational agility and digital maturity have a positive impact on firm performance. However, when the role of organizational agility is examined as a moderator, it is discovered that the factor reduces the effect of digital maturity on firm performance.

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“…Digitalization in itself does not affect banks' profitability, but at the same time, banks must clearly understand that digitalization is innovation, it is increasing competition, and of course, increasing risks, for which they need to be prepared (Niemand et al, 2020). Actually, the issues of cybersecurity today can be considered as the main threat of digitalization.…”

Section: Literature Reviewmentioning

confidence: 99%

Is Digital 'New Normal' or 'Challenge' for Banks Under Covid-19?

Versal

Erastov

Balytska

2021

International Scientific Conference „Contemporary Issues in Business, Management and Economics Engineering"

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Purpose – to reveal prerequisites of technology-enabled banking development in Lithuania, Poland, and Ukraine; to identify if digitalization was a beneficial factor in households deposits-raising during the COVID-19. Research methodology is twofold: analysis of digitalization index based on World Bank data as a premise of tech-nology-enabled banks development; beta-coefficient analysis and descriptive statistics – for digitalization influence assessment. Findings – digitalization index analysis showed that Lithuania has a more generous benefit in terms of digitalization. Poland and Ukraine follow with a slight gap. Traditional banks of analyzed countries are acting towards digitalization but at different paces. There are both digital and neobanks in Lithuania and Poland, while in Ukraine only digital banks. Analysis of Ukrainian banks deposits highlighted the fact that digital banks were in some cases more preferable for households, especially during a pandemic. Research limitations – lack of data: common digitalization indexes could not be calculated for Ukraine; differences in countries’ banking data: content and structuring criteria. Practical implications – the results could be important for policy recommendations to tackle the blind spots of banking digitalization. Originality/Value – suggested digitalization index could be utilized as a universal. Due to DESI limitations, common for EU countries, we were to create our own index and compare results with calculated by European Commission DESI values. While DESI is calculated using some specific survey data, the proposed index is using standardized data of World Bank; the results of digital and traditional banks deposits comparison could be useful for further study.

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Digitalization in the financial industry: A contingency approach of entrepreneurial orientation and strategic vision on digitalization

Cited by 166 publications

References 89 publications

Enhancing hospitality business performance: The role of entrepreneurial orientation and networking ties in a dynamic environment

Enhancing hospitality business performance: The role of entrepreneurial orientation and networking ties in a dynamic environment

Relationships between digital maturity, organizational agility, and firm performance: An empirical investigation on SMEs

Is Digital 'New Normal' or 'Challenge' for Banks Under Covid-19?

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